Domestic credit to private sector by banks in Mongolia
Mongolia: Domestic credit to private sector by banks was 48.5% in 2025. ◆ Volatile
Domestic credit to private sector by banks in Mongolia, 1991–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Mongolia recorded 48.5% for domestic credit to private sector by banks in 2025.
The figure is up 8.1% on the previous year and down 8.3% over ten years.
Over the whole period, domestic credit to private sector by banks in Mongolia peaked at 59.9% in 2013 and was at its lowest, 4.7%, in 1997.
That places Mongolia 75th out of 187 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Mongolia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1991 | 14.8% | — |
| 1992 | 13.1% | -11.8% |
| 1993 | 6.4% | -50.7% |
| 1994 | 10.7% | +65.5% |
| 1995 | 8.0% | -25.4% |
| 1996 | 8.1% | +1.8% |
| 1997 | 4.7% | -41.4% |
| 1998 | 8.2% | +72.3% |
| 1999 | 7.0% | -14.2% |
| 2000 | 6.9% | -2.3% |
| 2001 | 9.1% | +33.3% |
| 2002 | 14.4% | +57.6% |
| 2003 | 22.3% | +54.8% |
| 2004 | 25.6% | +14.6% |
| 2005 | 27.6% | +7.8% |
| 2006 | 30.1% | +9.3% |
| 2007 | 41.6% | +38.0% |
| 2008 | 39.9% | -4.0% |
| 2009 | 40.3% | +1.0% |
| 2010 | 34.2% | -15.2% |
| 2011 | 43.5% | +27.2% |
| 2012 | 43.7% | +0.5% |
| 2013 | 59.9% | +36.9% |
| 2014 | 57.7% | -3.7% |
| 2015 | 52.9% | -8.2% |
| 2016 | 54.1% | +2.2% |
| 2017 | 50.4% | -6.8% |
| 2018 | 53.4% | +6.0% |
| 2019 | 47.9% | -10.3% |
| 2020 | 45.0% | -6.0% |
| 2021 | 47.2% | +4.9% |
| 2022 | 40.9% | -13.5% |
| 2023 | 38.6% | -5.7% |
| 2024 | 44.9% | +16.4% |
| 2025 | 48.5% | +8.1% |
Mongolia compared with similar countries
- Mongolia's 48.5% is above the median for upper middle income countries, which is 39.8%, 1.2× the median. (55 countries reporting)
- Mongolia's 48.5% is below the median for East Asia & Pacific, which is 65.2%, 74% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.0% | 4.7% | 14.8% | 9 |
| 2000s | 25.8% | 6.9% | 41.6% | 10 |
| 2010s | 49.8% | 34.2% | 59.9% | 10 |
| 2020s | 44.2% | 38.6% | 48.5% | 6 |
Countries ranked near Mongolia
- 72 Montenegro 50.9% compare
- 73 Trinidad and Tobago 50.3% compare
- 74 Costa Rica 50.0% compare
- 76 Greece 48.4% compare
- 77 Czechia 48.0% compare
- 78 Vanuatu 47.8% compare
More financial sector data for Mongolia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.13 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.13 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Mongolia?
- Domestic credit to private sector by banks in Mongolia was 48.5% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Mongolia?
- The highest recorded value was 59.9% in 2013.
- What is the lowest domestic credit to private sector by banks recorded in Mongolia?
- The lowest recorded value was 4.7% in 1997.
- How does Mongolia rank for domestic credit to private sector by banks?
- Mongolia ranks 75th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Mongolia?
- Over the last ten years it is down 8.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.